Big Banks Are 'Fueling Climate Chaos' By Pouring Trillions Into Oil, Gas And Coal | Huf... - 0 views
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The world’s largest banks have funneled $3.8 trillion into the fossil fuel industry over the last five years, according to new figures published Wednesday.
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“Major banks around the world, led by U.S. banks in particular, are fueling climate chaos by dumping trillions of dollars into the fossil fuels that are causing the crisis
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Though U.S. banks dominate fossil fuel financing, European banks are also big. French bank BNP Paribas, which has pledged to be a leader in climate strategy, provided $40.8 billion in fossil fuel financing in 2020, an increase of 41% from the previous year. Since 2016, the bank’s fossil fuel financing has risen 142%, according to the report.
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